12-02-2020, 10:15 PM
(12-02-2020, 01:23 PM)stockguru Wrote: Where are all the cheerleaders who bought PLTR, U and WKHS on here? They have been hit hard in recent days. Are you adding?
Regarding U.
It was time for a slide. For once I agree with an analyst! One of them downgraded a couple of days ago saying "enough is enough".
U is and will be a great company. But did it deserve to double from the September IPO price (which was raised several times just prior to the IPO) and go +60% during the last month? Probably not. If we get days where it's on the green 5-10% then I think it is expected to also get days when it's in the red by roughly the same amount.
I have said this before: I have no idea how to value companies like this. All I know is that I love the business model they have and I think it'll be a long term winner. I am not adding at these prices yet, I'll start considering it if it goes back to $120-ish.